https://www.taxtmi.com/caselaws?id=69878 The Tribunal ruled in favor of the appellants, holding that the Assessing Officer (AO) lacked jurisdiction to issue notices under section 158BC as no search operations were conducted on the appellants themselves. The Tribunal emphasized that block period assessments without search warrants are invalid, as the provisions of Chapter XIV-B apply only when undisclosed income is detected through search operations. Additionally, the Tribunal stated that reappreciating evidence and disallowing claims in block assessments, as well as arguing consent and acquiescence confer jurisdiction, were not valid reasons for the assessments. Consequently, the Tribunal quashed the block period assessments, deeming them void for lack of jurisdiction, and annulled them. en-us Wed, 08 Oct 1997 00:00:00 +0530 Sat, 07 May 2016 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69878 The Tribunal ruled in favor of the appellants, holding that the Assessing Officer (AO) lacked jurisdiction to issue notices under section 158BC as no search operations were conducted on the appellants themselves. The Tribunal emphasized that block period assessments without search warrants are invalid, as the provisions of Chapter XIV-B apply only when undisclosed income is detected through search operations. Additionally, the Tribunal stated that reappreciating evidence and disallowing claims in block assessments, as well as arguing consent and acquiescence confer jurisdiction, were not valid reasons for the assessments. Consequently, the Tribunal quashed the block period assessments, deeming them void for lack of jurisdiction, and annulled them. Case-Laws Income Tax Wed, 08 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69878